He’s one of the world’s most accomplished sailors, having recently established a brand new record, circumnavigating the world in 45 days. Peyron is in Oman, helming the Zoulou Extreme 40 boat at the opening event of the 2012 Extreme Sailing Series circuit. We caught up with him before the final day’s races and talked about offshore sailing, his record, the Extreme 40′s and the Team Energy challenge in the America’s Cup. [Note: The interview was done in French and the translation in English is mine, so any possible error or incoherence is due to the translation]
VSail.info: I always wanted to ask you this question. When you are in the middle of the ocean, with your huge trimaran doing 30 knots, banging on the waves and you trying to get some sleep, have you ever felt fed up with it?
Loïck Peyron: No, never.
VSail.info: Wouldn’t you rather have a nice sleep at home?
Loïck Peyron: Yes, in that sense I’d rather be in the comfort of my home but everybody that is away from home and if everything in their life is going well would like to be at home, obviously. That’s true for everybody whose job requires them to be absent, whether they are sailors, fishermen or pilots. Even if you love your job and you appreciate the moments you spend, even the bad ones, you always want to return home. I can never say I’m fed up but on the other hand, particularly in offshore sailing, time is extremely elastic. In life in general, you feel that time might flow faster or slower but this feeling is more intense in offshore sailing
The start of an offshore race, the first few days, is relatively normal. The flow of time is quite normal and follows that of a clock. Since we choose to start when wind conditions are as favorable as possible, we sail fast, we feel very well because we left when it was winter and we now have good weather, plenty of sunshine, we start getting used to it and everything onboard goes smoothly. When you are in the southern hemisphere, you are forced to be much more attentive, the nights are shorter and pass rapidly, even if the days get longer, so up to that point everything is relatively good.
When you pass the halfway point of the race, when you stop distancing yourself from the start and you start getting closer to the finish, that’s when time starts feeling passing slower, days drawing out. We are ahead of the record time, there are icebergs and potential problems, so we start feeling the pressure. The potential problems might not become bigger but we have much more probabilities to stop everything. In the first half we had the right to do stupid things, to break something but paradoxically, the further we approach the finish the bigger danger becomes.
VSail.info: Why?
Loïck Peyron: Because you run the risk to abruptly stop everything while you are doing fine, without of course you taking that decision. As a result, time goes by very slowly during the last days or last weeks. In the Barcelona World Race I did a year ago with Jean-Pierre Dick the last three weeks seemed endless. Going for three weeks upwind on a monohull, there I could say you could be fed up.
VSail.info: During your recent round-the-world attempt was there any moment you thought you wouldn’t be able to break the record?
Loïck Pyeron: Of course, all the time, even if you are ahead of the record time. All you need is just an iceberg, a floating object or a technical breakdown to stop you completely. We felt quite comfortable with the weather conditions. Even during the last five days when we had to extend our route, we were feeling we had favorable weather but we were still not sure we were going to break the record because everything could happen.
VSail.info: Even if you had to go so much west to go north, did you feel confident about your weather models?
Loïck Peyron: Absolutely. We felt very confident, given the boat’s performance. Still, we were absolutely conscious there were random factors. When you sail so fast on a multihull everything can happen. It’s completely random. A tree trunk floating on the ocean that hits a hull can stop everything.
VSail.info: So, what is the most important factor in beating such a record? Is it luck, the boat, the weather, the crew?
Loïck Peyron: The weather. Optimal weather conditions can allow you to beat the record, even with older boats.
VSail.info: You rounded the world in 45 days. Do you envision the record being brought down to less than 40 days?
Loïck Peyron: Of course. It can even go lower. Twenty years ago we couldn’t grasp the possibility of rounding the world in 80 days. I was there, with my brother and Blake and we were wondering what we could do in order to bring the record to less than 80 days. That was the limit back then and we now have 45 days. The only issue is the weather. Depressions have a given speed and in the southern hemisphere we cannot go faster than them. We can go faster but we stumble in the mild weather systems and transitions are very difficult because you have light winds, in general. That’s where we can have a factor that blocks the record attempts but, in decreasing order of importance, gains will come from weather management, or the luck to have a weather that is 100% favorable, and the fact to shorten distances.
There is, obviously, no direct route because of the weather but in the recent record break we still sailed 9,500-10,000 miles more than the hypothetical direct route. So, 10,000 miles is quite a number of days even if, as I said, there is no direct route in sailing. Nevertheless, all records are made to be broken and the only boat that currently exists, able to break the record we just established, is the one we used. She is magnificent, very well built, very enjoyable to sail, very powerful. It’s a beautiful machine but she needs to be well managed at all times, you can’t give her to everybody to sail.
VSail.info: What is more enjoyable for you? Rounding the world in that machine of 100 feet or doing windward/leeward races half a mile long with an Extreme 40?
Loïck Peyron: Both. I have the chance to be able to do both. That’s precisely the interest. Doing that every day, here, is quite good but you have to do other things as well.
VSail.info: Where do you feel more comfortable?
Loïck Peyron: I feel equally comfortable on both but now there is a lot more people that feel comfortable on a 40-foot catamaran than people able to circumnavigate the globe on 100-foot trimarans, so competition is much more difficult here.

Loïck Peyron helms the Team Energy AC45 catamaran. Cascais, 21 July 2011. Photo copyright Gilles Martin-Raget / America's Cup
VSail.info: Do you also feel comfortable on an AC45 wing catamaran?
Loïck Peyron: Yes, they are exceptional boats! There are also other notions that come into play in these boats and it’s the AC72′s that will most certainly be of great interest to me. They are great, brilliant machines, completely different from what we know so far. There is simply no comparison. They are not in competition against other boats, they are just a great addition. The Cup will always remain the pinnacle of sailing and it now has brilliant boats. Still, I have been reading your website and I feel you don’t like the AC45′s or the Extreme 40′s!
VSail.info: No, it’s not a question of whether I like them or not. It’s a question of the advantage they give Oracle Racing over the challengers. Do you feel Oracle Racing have an unbridgeable advantage in design?
Loïck Peyron: No, not at all. They won the 33rd America’s Cup with their wing trimaran and the next morning they offered everybody the same wing design. Don’t forget the AC45 wing concept is exactly the same with the USA17 wing design. Just the fact they sell, give or rent boats with the same technology, in smaller scale, to everybody is a sign. It isn’t the only one though. We all know that in the history of the America’s Cup the Defender always had an advantage and if there is one thing I dream of, is that it is imperative for the survival of the America’s Cup, the way we are seeing it now, that Oracle won next year. It’s imperative. They should absolutely not lose it.
VSail.info: What will happen if Team New Zealand wins?
Loïck Peyron: Then the Cup will be over, for me. The Cup, the way we see it today will be over. Can you name any person on this planet, other than Larry Ellison, able to invest so much? I, actually, don’t give a damn who will win. In fact, may the best win. But for the survival of the Cup, the way we are seeing it today, the new way to film it and share it with the widest audience possible, that’s what we all want after all, Oracle must win. We don’t want it to remain a small event, followed by a few guys that like watching boats heeling, 10 miles offshore. I don’t care about such an event. It existed in the past, that’s fine, but it doesn’t exist any more, I’m sorry. I think I’d better say I’m happy.
What we now have is a show with incredible boats and really crazy races that everybody loves. Damn! I have sailed on so many boats but I swear I never felt the sensation I have on the AC45′s. Everything they have done in this new Cup is exceptional. They have the smarts to do it but, most importantly, they have colossal resources. Who provides that? It’s Larry Ellison. If he doesn’t hold the Cup any longer he won’t put in all that and not just for him but for everybody. He actually puts in for everybody. When we take part in the AC45 regattas, the inscription fee we pay is less than the price of the two cameras we have onboard. Have you watched the broadcasts? We have never seen that before.
I might be wrong but I think it’s the only way to shake things, to make some buzz so that we have more than three guys watching the races from the beach. It’s the only way and so far the only guy putting money in a disinterested way is Larry Ellison. Of course, he invests in his own team to keep hold of the Cup but he could very well not be doing all the rest. Does he have any obligation to do it? Did he really have to invest 5 million dollars to have a complete design package, ready to be bought by the other challengers? Does he have any obligation to invest tens of millions in TV production? Is anybody forcing him to do that? Nobody. If he really wanted to just keep the Cup he wouldn’t be doing that.
We should never forget that. I’m not saying all this because I owe him something. I don’t have any Oracle shares. I don’t give a damn but without that guy we wouldn’t be now where we are.
VSail.info: Have your brother and you decided to challenge for the America’s Cup because of the change from a monohull to a catamaran?
Loïck Peyron: No, not necessarily. We had looked into the possibility of entering the Cup in the past with Bertrand Pacé. It, obviously, helped it was a multihull but it wasn’t the only factor. It was all those things I told you about. A year ago, we felt, even if it was still a bit early, that there was this change in philosophy. They wanted to change the game, transform it, bring it closer to the public, create exciting races, change the rules. All the utopias, the dreams that exist in the sport of sailing since 30 years ago can now be found in this America’s Cup.

VSail.info: Do you think this time France has real chances in winning the America’s Cup?
Loïck Peyron: Why do you refer to a country?
VSail.info: You are a French team after all. You have a French flag on your shirts.
Loïck Peyron: It’s not the size of your flag or its colors that decide your potential. It’s never a country that challenges for the America’s Cup, with the possible exception of New Zealand. All challenges since 160 years ago are private. It’s one person that challenges, it’s private resources. Since it’s, unfortunately, a mechanical sport that requires private resources and in France, for many historical reasons, we lack these private resources, we will always have problems, regardless of the know-how we might have.
VSail.info: Conventional wisdom wanted that a Cup in multihulls would be a golden opportunity for the French.
Loïck Peyron: Of course it’s a golden opportunity but if you don’t have money, you don’t have money! If you are poor, you are poor. That’s a fact and being French will not change that! If we can’t make it, it won’t be the end of the world. We never had any certainty we would be there.
VSail.info: Let’s talk about Team Energy. Where are you standing right now?
Loïck Peyron: Well, we will continue the AC45 circuit, that’s for sure. Apart that, we have absolutely no guarantee we will be able to build an AC72. It’s as simple as that. No money, at least not for now. It’s a pity though because we really have everything required on the design side. We are ready to press on the start button to build a good AC72 but we will be undoubtedly late, undoubtedly.
VSail.info: Even if you had the necessary funding tomorrow morning will you still be less competitive in the Louis Vuitton Cup?
Loïck Peyron: Yes, absolutely. It would be illogical to think we could have an advance over the other three challengers if we started tomorrow. That’s self evident. Still, an AC72 will always be a big multihull and in that domain, I wouldn’t say we have an advance but we have the necessary culture. There is a lot of people in France that have the skills for a big multihull and we could potentially reduce part of the delay thanks to that culture. At least that’s what I hope and that’s where I’m betting on. That’s an opportunity we should grab. Don’t forget there are only three teams so far for the Louis Vuitton Cup and four would be a nice number.
VSail.info: Do you see it as a problem for the organization, a negative point, if there are just three challengers?
Loïck Peyron: Three is certainly not as pretty as six. There is however a very difficult financial reality we have to take into consideration. The small error they maybe committed was to announce they had 15 challengers. I don’t think it was necessary, there was no need to over-promise. Still, that was a couple of years ago and things change fast, I don’t blame them for that. You always want to do the best you can. Even with three challengers, quality will be there.
VSail.info: So, will you continue with the AC45 regattas until May 2013, even if you don’t find the necessary funding for an AC72 yacht?
Loïck Peyron: Yes. It could also be a little bit longer because I heard they would like, probably, to organize an AC45 World Championship in San Francisco between the Louis Vuitton Cup and the America’s Cup. If true, that would be a very good idea. It’s not stupid and it is even more justified if there are just three teams in the LVC. If this World Championship does take place we will take part.
VSail.info: Is it so hard to find corporate funding in France?
Loïck Peyron: Yes and that has always been the problem with the America’s Cup in France. All the previous French teams had problems getting the necessary funding and it’s a normal thing, not only in the current difficult period. The America’s Cup has always had a negative image in France and there have been some stories in the past that have “traumatized” the corporate sponsors. In addition, when one talks about sailing in France there are so many nice stories beyond the Cup, I would say too many of them, that are much more affordable. Take the Vendée Globe, the Route du Rhum, the Jules Verne, just to give a few examples.
VSail.info: What was your budget for the Banque Populaire campaign?
Loïck Peyron: It was approximately 3.5 million euros per year during 5 years, of which 10-12 million euros were for the design and construction of the boat.
VSail.info: Isn’t Banque Populaire interested in sponsoring you and Team Energy?
Loïck Peyron: As you can very well see, the bank’s name contains the word “Populaire” [popular] and the America’s Cup still isn’t, unfortunately, popular in France. I would even say it’s the contrary and we always have to fight against that. It’s strange though but in France each time we are asked the question it’s always about just sponsoring. Take a look at the current four teams. What do you have? An American guy, an Italian guy, a Swedish guy and a group of friends together with a government. It’s not sponsors, it’s not stickers. It’s never the case. Sponsors are there just for running the team but you will never get a return from 100% of a strong budget in the America’s Cup. It’s unfeasible. I’m not saying it’s wrong, it’s just the way it is.
VSail.info: If that’s the case why are you then trying?
Loïck Peyron: Because you will never attack with the resources Ellison or Bertarelli have. You never do that. You don’t attack from the top, you attack from the bottom. In monohulls you had no chances unless you attacked from the top. The boat rule was so close that you needed tons of resources. On the other hand, right now, anything could happen with the multihulls, at least in this Cup. I’m confident our boat could be at least as competitive. I’m not saying it will but we have the chances. I feel confident on the design side. All we need is the resources to build the boat and feed our guys for 6 months. We just need 15 million euros. The word “just” is of course relative.
VSail.info: Do you think that with just 15 million euros you could have a competitive campaign?
Loïck Peyron: Of course, since we haven’t had the time to spend it so far and we only have one year left. We have been working on that since three years and we haven’t been paid.
VSail.info: Haven’t you been paid?
Loïck Peyron: By whom?
VSail.info: I don’t know, I see you have a Corum logo on your shirt.
Loïck Peyron: Yes, but that’s not enough to cover the entirety of our engagement until the summer of 2013. I’m not even doing that for the glory.
VSail.info: Then I guess you must like sailing.
Loïck Peyron: Yes, too much unfortunately. That’s my problem. [Laughs]